How long does it take?
Application Filing2-3 working days
Our legal experts will prepare the application (e-form 24) and documents based on the information provided by you. We will then submit the same with the Registrar of Companies.
Approval from ROC3-4 months
The Registrar will verify all the details and upon satisfaction change the status of the company from active to strike off. The government may take a bit longer to finally issue closure certificate. .
Consultancy1 working day
Our business advisor will guide you through all the process and documents required for closing Limited Liability Partnership.
LLP Closing Cost Breakdown
|Goods and Service Tax||1,144.00|
Documents Required for LLP Closing
Consent Letter from all the partners and creditors
An affidavit by company director separately while filing strike-off with form STK-4
Assets and Liabilities
Statement of all the assets and liabilities are required
Report on assets value
Acknowledgement of Income Tax Return
What do you get
Challan along with acknowledgement
Questions? Call us on 011-408-44560
Frequently Asked Questions
How can you close a LLP?
A LLP can be closed in two ways –
- Declaring the company Defunct
- Voluntary or Compulsory Winding up of LLP
What is the time limit to file the closure documents with registrar?
The closing document has to be filed within 30 days from the date of signing of the assets and liabilities statement.
Is appointment of a liquidator mandatory for winding up an LLP?
In case the LLP has liabilities and assets, it is mandatory to appoint a provisional liquidator or liquidator from the panel.
What is the process of closing a LLP?
The process for closing a LLP depends on the method of closure. In case you wish to close your LLP voluntarily, then you need approval of at least 3/4th of total number of the partners. Liquidator is mandatory in voluntary closure. If the closure is compulsory then an application (e-form 24) is to be submitted with attached documents to the ROC. The department will verify the details and issue closure certificate.
What are the reasons for closing an LLP?
There are following reasons for closing a LLP –
- If the Limited Liability Partnership (LLP) wants closure.
- In case the LLP has less than two Partners extending for more than six months.
- Closure by a tribunal is also affected if the LLP is not in a state to pay its debts.
- Often closure is lead by the court when the LLP has acted against the integrity and sovereignty of India or violated the security of the State.
- If an LLP fails to file the Statement of Account & Solvency (SAS) or the LLP Annual Return with the Registrar for five continuous financial years.
How long will it take to close my LLP?
Usually, it can take up to 7-8 months to finally receive a certificate of closure for your LLP. The registrar of companies verifies all the details and only then issues the certificate.
Is it necessary to close your LLP?
Yes, if your company is non-operational from past 1 year or not able to maintain its financial responsibilities then it is always better to close the company than to pay penalty each year.